Robinhood Witnesses Massive Influx of Shiba Inu (SHIB) Tokens

Robinhood experiences a massive surge in Shiba Inu (SHIB) tokens, accumulating nearly a trillion tokens in its wallets since September.

Posted 7 months ago in Altcoins


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In a recent development, Robinhood, the popular U.S.-based trading platform, has witnessed an astonishing influx of Shiba Inu tokens (SHIB) into its wallets. Data extracted from the Etherscan explorer reveals an eye-popping acquisition of nearly a trillion SHIB tokens since the start of September.

Robinhood's network of hot wallets, responsible for securing digital assets, recorded an astounding surge of 878.5 billion SHIB tokens within the short span of a month. The brokerage's largest known wallet, cryptically labeled "0x73A," is at the forefront of this monumental accumulation, boasting an impressive addition of 579.71 billion SHIB tokens during the same period. Today, it proudly safeguards a total of 8.02 trillion Shiba Inu tokens.

Shiba Inu (SHIB) now claims the position of Robinhood's third-largest digital asset holding, following Bitcoin and Ethereum closely. Cumulatively, the brokerage's wallets house an astonishing 34.97 trillion SHIB tokens, equivalent to a staggering $246.85 million. This remarkable feat relegates other cryptocurrencies to the shadows.

However, it is important to note that despite Robinhood's substantial SHIB stash, the largest holder of Shiba Inu tokens from exchange wallets remains the renowned Binance address. With a staggering 42.13 trillion tokens in its digital vault, valued at an impressive $305 million, the black-and-yellow crypto behemoth continues to dominate the Shiba Inu landscape.

Last updated 9/14/2023, 2:22:25 AM

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